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Oct 9, 2012
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interesting too what congress looks into, in the house oversight and government reform committee will have hearings wednesday. at least two folks from the state department expected to testify. congress shining a spotlight on exactly how prepared or not prepared we were. >> just getting to the crime scene, turned out to be pretty difficult. took the fbi three weeks to reach the location and gather evidence from there. it's been about a month. i know the white house has promised to bring justice but hasn't spelled anything in particular out. so i think they're waiting for facts to roll in, which are rolling in very slowly at this point. >> slowly. >> look for that to play a role in foreign policy debate. coming up too. >>> also we are hearing from an unrepentant jerry sandusky, a judge is expected to send him to prison for the rest of his life. sandusky released a defiant jailhouse statement to a penn state radio station, declaring his innocence and blaming it on a conspiracy, by lying, accusers, investigators and the media. >> they can take away my life. they can make me out as a monst
interesting too what congress looks into, in the house oversight and government reform committee will have hearings wednesday. at least two folks from the state department expected to testify. congress shining a spotlight on exactly how prepared or not prepared we were. >> just getting to the crime scene, turned out to be pretty difficult. took the fbi three weeks to reach the location and gather evidence from there. it's been about a month. i know the white house has promised to bring...
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Oct 8, 2012
10/12
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it's a big problem, and i think there's going to be change at the government level. >> all right, dr. richard besser, we appreciate very important information. george, over to you. >> okay. amy, thanks. >>> now, what could be the latest fallout from skyrocketing gas prices out west. with fuel so valuable, thieves are stealing gas from the pumps. abc's cecilia vega is at the pumps to explain what they're doing. >> george, good morning. take a look at this. all of this gas here at this station in los angeles, well above $5 a gallon which shows you just how valuable the stuff is these days. one pair of thievers here in california stole so much gas they have enough to make more than four-round trips between los angeles and new york city. the brazen thieves hit this shell station near sacramento four times in three days. managing to steal $4,500 worth of gasoline. >> i don't know, if it will cover that money or not. >> reporter: in all, they took off with more than 1100 gallons of precious gas. here's how police say they did it. at 1:30 in the morning. a man in blake pickup pulled up to th
it's a big problem, and i think there's going to be change at the government level. >> all right, dr. richard besser, we appreciate very important information. george, over to you. >> okay. amy, thanks. >>> now, what could be the latest fallout from skyrocketing gas prices out west. with fuel so valuable, thieves are stealing gas from the pumps. abc's cecilia vega is at the pumps to explain what they're doing. >> george, good morning. take a look at this. all of this...
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Oct 11, 2012
10/12
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this is due in part to higher tax revenues collected by state governments. however, whether the hiring boom is temporary may depend on factors like the fiscal cliff and the election. disturbing accounts of animal abuse are coming from an idaho dairy farm. undercover video at the bettencourt dairy farm in hansen, idaho, shows three men beating cows in milking stalls. animal cruelty charges have been filed against the three workers. it is the largest dairy operation in the state. the owner of the dairy farm said he was sick over the video and that the operation does not tolerate animal abuse. on a lighter note, the price of candy for cows is up. the practice of feeding cattle a sugary mix of cookies, candy bars and other delights has been going on for years, sometimes to improve milk production. this year, as more farmers substitute "candy" for "corn," the price of the sugary feed is rising. a livestock nutritionist tells us it is not harmful for the animals. farmers have a 3% limit on goodies they can feed cows. it is a "smashing" season for pumpkins. this fa
this is due in part to higher tax revenues collected by state governments. however, whether the hiring boom is temporary may depend on factors like the fiscal cliff and the election. disturbing accounts of animal abuse are coming from an idaho dairy farm. undercover video at the bettencourt dairy farm in hansen, idaho, shows three men beating cows in milking stalls. animal cruelty charges have been filed against the three workers. it is the largest dairy operation in the state. the owner of the...
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Oct 10, 2012
10/12
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people gobbling up ten-year government debt at these extremely low yields because they think they're not going to get much better elsewhere? sounds like people don't think there's a lot of growth coming. >> i think there's a little bit of truth in all of it. i'll bring up another point. i think october, a lot of mutual funds ahave the end of their fiscal year. it's been a good run for stocks. the spread between what the stock market is telling us and the economy is pretty wide. the election, depending how it turns out, could have a lot of implications. to me, it makes perfect sense the closer we get to the end of the year, the closer we get to november, people are going to be lightening up. it all makes sense. >> yeah, and mandy, you were highlighting earlier oil is lower, gold is lower. a lot of the base materials have been suffering as well today. >> yeah, that's absolutely true. you know, i think what's also interesting, if it is indeed a scary october, bill, remember, buy low. if you're a long-term investor, then any kind of dip after what has been a good run up to multiyear high
people gobbling up ten-year government debt at these extremely low yields because they think they're not going to get much better elsewhere? sounds like people don't think there's a lot of growth coming. >> i think there's a little bit of truth in all of it. i'll bring up another point. i think october, a lot of mutual funds ahave the end of their fiscal year. it's been a good run for stocks. the spread between what the stock market is telling us and the economy is pretty wide. the...
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Oct 12, 2012
10/12
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his economic agenda, more spending, more borrowing, higher tax, a government takeover of health care. it's not working. it's failed to create the jobs we need. 23 million americans are struggling for work today. 15% of americans are in poverty. this is not what a real recovery looks like. you deserve better. mitt romney and i want to earn your support. we're offering real reforms for a real recovery for every american. mitt romney , his experience, hs ideas, his solutions is uniquely qualified to get this job done, at a time when we have a jobs crisis in america, wouldn't it be nice to have a job creator in the white house? the choice is clear. a stagnant economy that promotes more government dependency or a dynamic growing economy that promotes opportunity and jobs. mitt romney and i will not duck the tough issues. and we will not blame others for the next four years, we will take responsibility and we will not try to replace our founding principles, we will reapply our founding principles. the choice is clear, and the choice rests with you, and we ask you for your vote. thank you. >
his economic agenda, more spending, more borrowing, higher tax, a government takeover of health care. it's not working. it's failed to create the jobs we need. 23 million americans are struggling for work today. 15% of americans are in poverty. this is not what a real recovery looks like. you deserve better. mitt romney and i want to earn your support. we're offering real reforms for a real recovery for every american. mitt romney , his experience, hs ideas, his solutions is uniquely qualified...
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a group of senators angry over new government guidelines. i will get all the details exclusively from north dakota senator john hoeven. even when they say it's not, it's always about money melissa: first let's take a look at the day's market headlines. there was no celebration on wall street over september's positive jobs number. only the dow managed to close the week in positive territory. it was up over just 34 points. >>> consumer credit rose more than 8% in august. it's fastest expansion in three months. that is a sign that consumers are ready to make big purchases again. >>> one year ago today, steve jobs, the visionary cofounder of apple, died at the age of 56 after a long battle with pancreatic cancer. the company remains an industry powerhouse despite the loss of their leader. >>> now on to our top story tonight. good news on the jobs front. according to the household survey, 700, i'm sorry, 873,000 people found a job last night. last month. that brought the unemployment rate down to 7.8% for the first time in 3 1/2 years. the employ
a group of senators angry over new government guidelines. i will get all the details exclusively from north dakota senator john hoeven. even when they say it's not, it's always about money melissa: first let's take a look at the day's market headlines. there was no celebration on wall street over september's positive jobs number. only the dow managed to close the week in positive territory. it was up over just 34 points. >>> consumer credit rose more than 8% in august. it's fastest...
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Oct 10, 2012
10/12
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you'll likely still have divided government. the theory is that basically if romney wins you are more likely to get a punt on the fiscal cliff because republicans could be in control of each house if they win the senate. generally speaking, the senate democrats the thought is will not be as intransigent if romney gets in. not sure i buy that. i think the odds are similar under ooet president for a punt on the fiscal cliff. i think if obama wins, you've seen some movement among house trops say we're not necessarily going to be completely stuck on extending the top rate bush tax cuts. they want most of them. but some off-the-record comments say they might be able to move on the 250,000-plus. republicans if obama wins re-election will be dealing with an electorate that says we a i agree with his position that we can let these top rate tax rates go up. they'd be in opposition to the american people if they do that. the pressure will be off from the election and i think you'll probably get a punt under either scenario. >> i know your
you'll likely still have divided government. the theory is that basically if romney wins you are more likely to get a punt on the fiscal cliff because republicans could be in control of each house if they win the senate. generally speaking, the senate democrats the thought is will not be as intransigent if romney gets in. not sure i buy that. i think the odds are similar under ooet president for a punt on the fiscal cliff. i think if obama wins, you've seen some movement among house trops say...
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Oct 10, 2012
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this is a name, they're getting sued by the government and the stock is still flat to up. that's impressive. >> we'll have more "fast money" tonight at 5:00. follow me on twitter
this is a name, they're getting sued by the government and the stock is still flat to up. that's impressive. >> we'll have more "fast money" tonight at 5:00. follow me on twitter
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Oct 11, 2012
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that's the so-called micro, the companies, and the macro, which are the governments. so we've got a flat line here, okay? that's how every day starts. of course, something does happen every day, which is why we are almost never flat, typically on days where central government or banks squawk some sort of data. so let's just presume we're never going to be in zero. then we get to earnings season and the equation changes dramatically. we get really granular. we extrapolate the heck out of each and every earnings report to see where the averages are headed. so consider the box score from one 24-hour sports cycle, using the parlance of football. why not? it's football season. it will be easy for everybody. here is the playoff play. first we get earnings last night from yum! brands, parents of taco bell and pizza hut, and it is dynamite. yum is putting up restaurants all around the world. and why not, they have two million restaurants per million in the merging versus 58 per million here in america. china didn't slow as much as we thought. and taco bell tacked up 7%. same
that's the so-called micro, the companies, and the macro, which are the governments. so we've got a flat line here, okay? that's how every day starts. of course, something does happen every day, which is why we are almost never flat, typically on days where central government or banks squawk some sort of data. so let's just presume we're never going to be in zero. then we get to earnings season and the equation changes dramatically. we get really granular. we extrapolate the heck out of each...
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Oct 10, 2012
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business and the federal government, and that he saw the real benefits. he concluded there on the idea that it was a collaboration, basically, between the federal government and a predecessor of boeing that put a person on the moon 40-some years ago. and those are interesting points, a theme that he has struck many times and it is one of the things that i think has entered into this life-long democrat's relationship with the current administration. it's where he has parted company with them. >> it's going to be interesting. he says he's not interested in running for public office. but you just wonder whether or not he wouldn't accept a treasury secretary position if indeed one was offered under either administration. >> yeah. he was certainly explicit about that in his comments in "vanity fair" magazine, that he didn't want it, "i shall not seek, nor will i accept --" >> but on the other hand hank paulson didn't want it either but he took it because of the financial situation the united states was in at the time. >> exactly. >>> now to bertha coombs who's
business and the federal government, and that he saw the real benefits. he concluded there on the idea that it was a collaboration, basically, between the federal government and a predecessor of boeing that put a person on the moon 40-some years ago. and those are interesting points, a theme that he has struck many times and it is one of the things that i think has entered into this life-long democrat's relationship with the current administration. it's where he has parted company with them....
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Oct 14, 2012
10/12
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there was a complaint filed by a government group in washington to look into this. my piece, i want to make clear, the company denies they did anything wrong. my piece raises questions about this. it's up to others to determine if they crossed the line. >> this gets us into the substance of this conversation. we were saying what is the terrain look like here? i mean, i'm running my business. what can i do and not do? the place where the law is clearest is on donation. we have very, very clear prohibitions. you cannot say i'm going to give you a $5,000 raise for you to give it to mitt romney. the question of forcing someone is the fascinating thing. they said they wrote the letter and asked people to attend the rally. >> the resch sure, what was described to me was pressure. when you arrived at the company, this is not the coal miners, they are engineers, surveyors, accountan accountants. when you arrived at the company, it was clear you were expected to give to the pack. 1%, typically. in addition to that came a barrage of letters from myrrhry himself urging them to
there was a complaint filed by a government group in washington to look into this. my piece, i want to make clear, the company denies they did anything wrong. my piece raises questions about this. it's up to others to determine if they crossed the line. >> this gets us into the substance of this conversation. we were saying what is the terrain look like here? i mean, i'm running my business. what can i do and not do? the place where the law is clearest is on donation. we have very, very...
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Oct 8, 2012
10/12
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or just transfer money from middle and lower class people to companies and the government? we will head to ohio for that debate next. smart comes with 8, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ laughs ] hey! ♪ [ male
or just transfer money from middle and lower class people to companies and the government? we will head to ohio for that debate next. smart comes with 8, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your...
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Oct 8, 2012
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they took it at the government's behest. so what was it about this particular situation that did not allow her to execute the way that she had in the past? >> i think that she would probably say that she had a lot of faith in the traders who were working below her, and she would probably say the same thing that jamie dimon said about her, which was that he had total faith in her and she had total faith in the people operating under her, and as jamie said, you trust but verify and there wasn't enough verifying going on, unfortunately. >> she was well liked by most of her colleagues, if not all of her colleagues. you quote a number of them in the article. singing her praises. yet there was one particular meeting in new york between the london office and the new york office, and that certainly was not the type of atmosphere that she found herself in. as a matter of fact, it was quite acrimonious. >> i think that everyone would agree ina could be very, very tough when she needed to be but i do think the relationship between her
they took it at the government's behest. so what was it about this particular situation that did not allow her to execute the way that she had in the past? >> i think that she would probably say that she had a lot of faith in the traders who were working below her, and she would probably say the same thing that jamie dimon said about her, which was that he had total faith in her and she had total faith in the people operating under her, and as jamie said, you trust but verify and there...
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Oct 7, 2012
10/12
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WUSA
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you need to be able to interface with government. >> kroft: so you're saying the chinese government has no influence over huawei. >> plummer: we're another business doing business in china. >> kroft: if you look at huawei, it looks like just a big international company with an american face. >> chris johnson: yep. and that's the intent. >> kroft: until last spring, chris johnson was the c.i.a.'s top analyst on china, and he's briefed the last three presidents on what's been happening behind the scenes in beijing. he tells a different story than huawei's bill plummer. >> johnson: the problem, i think, is really it boils down to an issue of will the company take some steps to make themselves, you know, more transparent about their operations and what their ultimate goal is, especially this relationship with the chinese government, with the chinese communist party, and with the people's liberation army. >> kroft: johnson says the military has always played a role in chinese telecommunications, and that huawei's reclusive c.e.o. served as an army major in telecommunications research before
you need to be able to interface with government. >> kroft: so you're saying the chinese government has no influence over huawei. >> plummer: we're another business doing business in china. >> kroft: if you look at huawei, it looks like just a big international company with an american face. >> chris johnson: yep. and that's the intent. >> kroft: until last spring, chris johnson was the c.i.a.'s top analyst on china, and he's briefed the last three presidents on...
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Oct 10, 2012
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KRON
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government issuestill wait wells fargo over mortgage fraud. for making reckless and fraudu cla on defaulted loans which and fraudu cla on defaulted loans which were also certified by wells we don't call this our company, and fraudu cla on defaulted loans which were also certified by wells we call this our mission. green toys teaches children that if i have a milk jug and i stick it in the recycling bin it can turn into something new. chase allows us to buy capital equipment to be able to manufacture in the states to the scale we need to be a global company. with a little luck green toys could be the next great american brand. find what's next for your business at chase.com/mainstreet >> welcome back to the kron for morning news. it was two lanes blocked on the upper deck with a scooter big rig accident for nearly an hour if has pushed the back of all the way through the macarthur maze. the traffic that to talk about some of the dry times. 25 minutes from the nimitz freeway where the backup is of a way to 80 split. 580 is back up to harrison. 2
government issuestill wait wells fargo over mortgage fraud. for making reckless and fraudu cla on defaulted loans which and fraudu cla on defaulted loans which were also certified by wells we don't call this our company, and fraudu cla on defaulted loans which were also certified by wells we call this our mission. green toys teaches children that if i have a milk jug and i stick it in the recycling bin it can turn into something new. chase allows us to buy capital equipment to be able to...
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Oct 8, 2012
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they don't need a government report. it does get a lot of attention and we got a race that's plainly at this point even though obama still has a slight advantage in the battleground states this race can go either way. >> interesting. then we got the governor, of course, speaking at vmi about foreign policy, an area for which a little while he appeared to want to take the campaign, at least before the debate. how ground moving is this? >> reporter: i don't think it's very ground moving. it's not what people will vote on. for romney it's an effort to press a leadership advantage which may be one of the things that move the numbers for him after the debate. he looks strong on the stage with president obama. he took the fight to obama. obama was a little bit more passive. but ultimately the economy, i believe, carl, is going to be what drives the result. >> if anyone who watched snl over the weekend knows the president wasn't that passive. thanks, john, we'll see you later, john harwood in washington. netflix is up 10%, 30%
they don't need a government report. it does get a lot of attention and we got a race that's plainly at this point even though obama still has a slight advantage in the battleground states this race can go either way. >> interesting. then we got the governor, of course, speaking at vmi about foreign policy, an area for which a little while he appeared to want to take the campaign, at least before the debate. how ground moving is this? >> reporter: i don't think it's very ground...
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Oct 10, 2012
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remember, the problem is we've got these government shareholders, the british uk, british government and bae, and the eads who all wants slightly different things. we heard today from the foreign secretary william haig who explains the u.s. strategy in bae and that aligns, as well. if there was anything to dilute that in the merger, they wouldn't support it either. we've already heard it this week, over 13% of the private share holding. that they are opposed to the deal on current terms, particularly worried about solution. they also get quite a nice free cash flow from bae and a nice dividend. they're worried about that being diluted. and they don't see the logic necessarily. there's a lot of hurridles. and very quickly, we have an auction out for italy out this morning. yield does go slightly higher on the three and 12 months. slightly higher yields for italy, in the cash market, 5%, and spain, they've come back down to 5.78%, well below 6%. that's where we stand. back to you guys. >> ross, do you see this nigel dude from yesterday, the guy from the uk. >> he's fantastic. >> nigel
remember, the problem is we've got these government shareholders, the british uk, british government and bae, and the eads who all wants slightly different things. we heard today from the foreign secretary william haig who explains the u.s. strategy in bae and that aligns, as well. if there was anything to dilute that in the merger, they wouldn't support it either. we've already heard it this week, over 13% of the private share holding. that they are opposed to the deal on current terms,...
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it's a big problem, and i think there's going to be change at the government level. >> all right, dr. richard besser, we appreciate very important information. george, over to you. >> okay. amy, thanks. >>> now, what could be the latest fallout from skyrocketing gas prices out west. with fuel so valuable, thieves are pouncing, stealing gas straight from the pumps. abc's cecilia vega is at the pumps at a gas station in los angeles to explain how they're doing it. good morning, cecilia. >> reporter: george, good morning. take a look at this. all of this gas here at this station in los angeles, well above $5 a gallon which shows you just how much this stuff is worth right now. one pair of thieves here in california stole so much gas they had enough gas to make the trip back and forth between los angeles and new york four times. the brazen thieves hit this shell station near sacramento four times in three days. managing to steal $4,500 worth of gasoline. >> i don't know if we can recover that money or not. but at least, those people should go to jail. >> reporter: in all, they took off wi
it's a big problem, and i think there's going to be change at the government level. >> all right, dr. richard besser, we appreciate very important information. george, over to you. >> okay. amy, thanks. >>> now, what could be the latest fallout from skyrocketing gas prices out west. with fuel so valuable, thieves are pouncing, stealing gas straight from the pumps. abc's cecilia vega is at the pumps at a gas station in los angeles to explain how they're doing it. good...
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Oct 10, 2012
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government in anti-trust when they decided he was one more civil servant, that was the top. government plays for keeps, and never mess with the person who works because they care, i suppose, for the money. >> unlimited check and a lot of lawyers. >> one certain wells fargo lawsuit? >> i thought that was a very -- wells fargo, i think the world of management there has stunk but michael corleone explained to us earlier when he saw that man blow himself up in cuba you cannot go against people who play for free and care, that was still one more great business lesson from the godfather, the greatest business movie of all-time, "godfather ii" the good to great, great to better. "you broke my heart." >> we'll talk more about wells and get more clarity on the quarter, david, coming up on friday. >> yes. >>> meantime after surging 40% this year, home depot getting a downgrade. we'll talk to the analyst making that call. >>> also ahead wall street and main street waiting for apple's mini version of the ipad. does it have something in common with pizza and sex? we'll meet the guest who
government in anti-trust when they decided he was one more civil servant, that was the top. government plays for keeps, and never mess with the person who works because they care, i suppose, for the money. >> unlimited check and a lot of lawyers. >> one certain wells fargo lawsuit? >> i thought that was a very -- wells fargo, i think the world of management there has stunk but michael corleone explained to us earlier when he saw that man blow himself up in cuba you cannot go...
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Oct 12, 2012
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government still in charge. >> have financials topped out for the year, jim? >> no. look, i think what's going to happen is, people are going to come back, the group is this the group -- historically inexpensive. if we get more sprints and more work days, we get more global business coming back, i think people will say, wait a second, why did i get rid of the business? wells fargo, by the way s going to own america's mortgage market. is there a point where you have 40% of the mortgaging services and don't make a lot of money? 30% of the mortgage market, never supposed to happen. the founding fathers are rolling over in their grave wells fargo was able to get 30%. they're rolling in their grave -- yesterday i was talking about land's grave and mal's grave, and now the founding fathers graves. >> go wherever you need to go. >> thank you. >> you're welcome. >> wells was disappointing. i would love to see wells was great but then i would be dissemb dissembling. >> the financials is a group trading a 20% over the market. to your point, despite the run, trading at a discou
government still in charge. >> have financials topped out for the year, jim? >> no. look, i think what's going to happen is, people are going to come back, the group is this the group -- historically inexpensive. if we get more sprints and more work days, we get more global business coming back, i think people will say, wait a second, why did i get rid of the business? wells fargo, by the way s going to own america's mortgage market. is there a point where you have 40% of the...
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Oct 11, 2012
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so it is always our friendly government. i don't control that and we are doing quite well in spite of that. we're pretty bullish going forward. regulation would be dodd-frank, qm and qrm. do i believe they'll be resolved some time in the first half of next year. >> but an environment in which the current regulations stand, just assume that it is status quo for the foreseeable future, will that prevent the housing recovery from being as robust as it had been during the peak times? >> well certainly stronger with the right regulation but what's interesting is the recovery is occurring in spite of that. that's a very strong test amount as to the strength of housing right now. >> you've cut a lot of costs as you've had to over these difficult years that the company's been owned by apollo. are you done with that? >> we pride ourselves on being very efficient from a cost perspective. in a recovery not only do you get the macro, the deleveraging, you get the benefit after substantially different company -- >> a lot of that was job
so it is always our friendly government. i don't control that and we are doing quite well in spite of that. we're pretty bullish going forward. regulation would be dodd-frank, qm and qrm. do i believe they'll be resolved some time in the first half of next year. >> but an environment in which the current regulations stand, just assume that it is status quo for the foreseeable future, will that prevent the housing recovery from being as robust as it had been during the peak times? >>...